Afreximbank Engages Oil Traders in NNPCL $3bn Loan Funding The African Export-Import Bank, Afreximbank, has commenced talks with oil traders for the execution of the $3 billion emergency loan to Nigeria through the NNPC Limited. An authoritative oil market source told Reuters this yesterday. The loan comes...

Afreximbank, Eximbank sign $500m MOU to Revive African Airlines The African Export-Import Bank and US Eximbank have signed a $500m Memorandum of Understanding to boost trade and investment, especially to help revive and re-fleet African airlines. Prof. Benedict Oramah, President and Chairman of the Board of...

AfDB, Others Vow to Strengthen Trade, Investment in Africa The African Development Bank (AfDB), Afreximbank, and six other partners have reaffirmed their commitment to better leverage guarantee and insurance products in Africa. In a statement issued on its website, AfDB, said the six partners were collaborating...

NNPC Secures $5bn Funding From Afreximbank For Upstream Business   The Nigerian National Petroleum Company Limited (NNPC) has secured a $5 billion corporate finance commitment from the African Export-Import Bank (Afreximbank) to fund major investments in Nigeria’s upstream sector. The funding commitment was sequel to a meeting...

Nigeria Recieves $400,000 Grant From Afreximbank For Pharmaceutical Production   The African Export-Import Bank has awarded $400,000 in grant funding to the National Institute for Pharmaceutical Research and Development of Nigeria to boost pharmaceutical production in the country. According to Afreximbank, the grant is for the establishment...

AfDB, Afreximbank Reports Reveal $5bn Capital Outflow In 2020       The African Trade Finance Survey report has revealed that there were massive capital outflows from Africa, exceeding $5bn in the first quarter of 2020. The report by the African Export-Import Bank, in collaboration with the United Nations...